Gothenburg, October 16, 2006

Castellum invests SEKm 329 and sells for SEKm 53

Castellum has through wholly owned subsidiaries acquired properties for SEKm 130, decided on investments of SEKm 199 and sold properties for SEKm 53.

On Norra Älvstranden, which is the new and large explotation area in Gothenburg, an office property of approx. 5,000 sq.m. is under construction. The investment is calculated to SEKm 126 and the building is planned to be completed during the second quarter 2007. At the present time approx. 20 % of the lettable area is signed.

A commercial property of approx. 5,400 sq.m. located in the central parts of Växjö, has been acquired for SEKm 31. The property which holds office and retail premises has large vacancies and will be subject to extensive refurbishment work.

Further, a smaller industrial property in Västerås has been acquired for SEKm 4. The property is located in northern Tunbytorp and the lettable area amounts to sq.m. 760.

A residential property in Helsingborg has been sold to a new tenant owners’ association for SEKm 35. The property holds 25 apartments with a total area of approx. 2,800 sq.m.

Further, part of a property in Helsingborg has been sold for SEKm 11. The part sold consisted of 6,300 sq.m. undeveloped land.

On Tyresö in Stockholm, a smaller office property of approx. 1,400 sq.m. was sold for SEKm 7.

The above mentioned transactions have been carried out during the third quarter. In the beginning of October the following transactions have been made. 

A commercial property in Gothenburg with a lettable area of approx. 9,500 sq.m. has been acquired for SEKm 80. The property is located nearby the Klippan/Rödasten junction and was in principle fully let at time of taking possession.

Following the signing of a ten year lease contract the planning/projecting of a new construction of approx. 10,000 sq.m. lettable area has started. The building will hold 8,500 sq.m. industrial area and 1,500 sq.m. office area and is located in Lerum. The investment amounts to SEKm 73 and time for moving in is planned to the autumn 2007. 

Two commercial properties with a total lettable area of 5,700 sq.m. of which 1,500 sq.m. office premises, have been acquired for SEKm 15. One property is located in Borås and the other one in Lerum. The properties were acquired without vacancies but with terminated contracts.


On Castellum’s website names and addresses of properties acquired or sold since the beginning of the year are published.

Castellum is one of the major listed real estate companies in Sweden. The fair value of the real estate portfolio amounts to approx. SEK 23 billion, and comprises mainly commercial properties. The real estate portfolio is owned and managed by six wholly owned subsidiaries with strong local roots in five growth regions: Greater Gothenburg, the Öresund Region, Greater Stockholm, Mälardalen and Western Småland. The Castellum share is listed on OMX – Nordic list Large cap.

For further information, please contact 
Håkan Hellström, CEO, phone +46 31 60 74 00 / mobile +46 705-60 74 56